Sutton Bank Mortgage Rates, Fees & Info
Attica, OHLEI: 549300KYZ21NWSUOYP36
Tax ID: 34-4369660
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Mortgage Data
Review & Overview
Sutton Bank is a smaller bank specializing in Home Purchase loans. Sutton Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Norwalk, Mansfield, Youngstown, and Toledo among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Sutton Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
53Origination Dollar Volume (All Markets)
$49,835,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $40,960,000 | $10,240,000 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 15 | $2,305,000 | $153,667 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $0 | 0.00% |
| Fremont, OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $49,350,000 | $949,038 | $0 | 0.00% |
| USDA | 1 | $485,000 | $485,000 | $0 | 0.00% |
For 2022, Sutton Bank's most frequently originated type of loan was Conventional, with 52 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2022, Sutton Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $49,835,000 | $940,283 | $0 | 0.00% |
For 2022, Sutton Bank's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2022 saw Sutton Bank place emphasis on $100,000 or less loans with 19 originations, totaling $1,275,000 in origination value.
Applicant Income
Sutton Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $49,835,000 | $940,283 | $0 | 0.00% |
Sutton Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.14%
Sutton Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.02%
Sutton Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $49,835,000 | $940,283 |